Talk with a lender, not a real estate agent or Realtor. I recommend Paul Volpe, Vice Pres of Nova Home Loans. You can have a free conversation and find out all you want and need to know, see if you pre-qualify, and if not, he can tell you what to work on. The two of you may be able to find a program that works for you. Then you can pick from one of the Realtors (I only work Tucson and surrounding areas) or agents on here that replied and you will be set.
Best of luck to you.
Tierra Antigua Realty
Yes, there are several programs for which you have to qualify if you want down payment assistance, paid closign costs, etc. I presently have one of my listing under contract with a first time homebuyer that is using those programs.
Please email me at email@example.com and I will email you the qualification requirements .
I hope this help.
There are options, and these options occasional change and new ones added. Some people choose a program to get into the home with little or nothing out of pocket and if the interest rate is high they plan to do a no cost re-finance once it is feasible. You have to know which lenders work with which programs as they don't all do the same ones. We can help you in finding what suits you best.
Some of the options are:
Buying a Fannie Mae Homepath home with is only 3% down and the seller will pay 3% in closing costs for you.
Any seller can pay your closing costs. Then you will just have your down payment.
Here are some links to other programs that may help:
http://phoenix.gov/residents/stabilization/nsp/index.html up to 15K to purchase in certain neighborhoods
NSP neighborhood stabilization program
USDA for rural areas
Arizona 1% Down Payment Home Buyers Solutions Gift Program
There is also private money lenders that help when someone has some money for a larger down payment but cannot qualify due to credit issues.
There are other programs. You need to work with your Realtor to investigate them. If you don't have a Realtor, please don't hesitate to contact us! We would love to help you!
Brenda and Ron Cunningham
Recognized in the Phoenix Business Jounal Top 50 Agents of the Valley
You must qualify and use a lender that supports the program. Money for these programs disappear fast so hurry.
Check out these website:
Try calling Bryan and WJ Bradley 623-594-2300
There are some new ones that just came out from FHA.
Feel free to contact me direct if you have any questions.
The answer is YES there is a fully responsible and legitimate program that is nationwide that will allow Buyers to purchase a home with NO downpayment and the Buyer paying NO Closing Cost. Additionally the interest rate for the 20 year fixed loan will be below the current rate for a standard loan. I have many First Time Home Buyers in this program. Please contact me right away and I can speak with you direct about this program. Thank you. Richard Troxell, RE/MAX Excalibur Realty (480) 346-5320 or firstname.lastname@example.org
Jason E Whaley,GRI,SFR,CDRS,ePro
RE/MAZ Homes & Investments
Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors